official 10-22-2012 presidential debate thread

I am behind the Mitt. I admit that prior to the debates I was lukewarm on him. Kind of thought he was a candy-ass and a little too moderate. After the first debate that changed.

What I see.hear from Mittens-

Yeah, I know how to get things done, and sometimes that means compromise, I had 70% Democrat State Senate to deal with, and I got shit done.
The economy is where my focus is, I know how to fix it and I will get it done
I dont favor more government involvement than necessary. Get the Fed out of the State medicare and school administration, no new Federal gun laws, reduced Fed regulatory programs, put that burden on the state and local governments because they do a better job of it.

Debates been over for an hour and nothing on the Drudge front page. Doesn't bode well to a republican win tonight.

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Originally Posted by Rucker61

Cite?

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Seriously? Unemployment over 10% versus 7.8%? Mortgage rates under 6% versus 13-16% (if you could even find a bank willing to write one)? Stagflation during the late 1970s meant you effectively LOST money by putting it in a normal savings account. Plentiful energy in 2007-2008 versus the energy crisis during Carter's administration? The fact I paid more for a gallon of gas under Carter than under Bush in inflation-adjusted dollars?

Anyone who was alive and conscious during 1977-1980 KNOWS the economy was worse then if they just sit back and think a bit. Like I said, do some research instead of repeating the worn empty spin nuggets.

O... just repeating his old tired lines, struggling, petty snipes, begging for another chance.
R.......Calm, collective, and cool as the other side of the pillow. PRESIDENTIAL!

Now now boys, what for the polls in a few days.


Romney=WIN.

Oh, what was O's plan for the next 4 years?.....didn't come away with anything new.
My 2 cents.

Rucker61, here's a place for you to practice your Google-fu. Look up "misery index". There's a reason the term arose during the Carter administration and was never used during the Bush administration. Figure out what today's misery index would be if used -- but use 1979's definition of "unemployment".

Stagflation sucks.
Sounds about right, but I would like to add something.

During carter admin, it ws more of a supply shock on inelastic goods.
Where as right now, it is demand shockon oil.
In terms diesel and octane price, i would like to also add short term supply problem from bottleneck from refinary.

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Originally Posted by Aloha_Shooter

Seriously? Unemployment over 10% versus 7.8%? Mortgage rates under 6% versus 13-16% (if you could even find a bank willing to write one)? Stagflation during the late 1970s meant you effectively LOST money by putting it in a normal savings account. Plentiful energy in 2007-2008 versus the energy crisis during Carter's administration? The fact I paid more for a gallon of gas under Carter than under Bush in inflation-adjusted dollars?

Anyone who was alive and conscious during 1977-1980 KNOWS the economy was worse then if they just sit back and think a bit. Like I said, do some research instead of repeating the worn empty spin nuggets.

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Originally Posted by Rooskibar03

Hey chuckle head behind Sean Hannity on live national TV, HANG UP YOUR PHONE.

You look like an idiot.

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HOLY SHIT, CHUCKLE HEAD[ROFL1][ROFL1][ROFL1][ROFL1][ROFL1] I haven't heard that in decades. That saying was one of many from my late grandfather,outstanding.

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Originally Posted by Aloha_Shooter

Rucker61, here's a place for you to practice your Google-fu. Look up "misery index". There's a reason the term arose during the Carter administration and was never used during the Bush administration. Figure out what today's misery index would be if used -- but use 1979's definition of "unemployment".

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It wasn't used in the Bush Administration because the economy didn't start to fail until the very end. Both Bush and Obama put extreme measure in place to avoid the worst-case scenario. Since we never saw rock bottom, it's difficult to compare "what was" with "what could have been". No one knows what would have happened. Not even with hindsight. You can only assume.

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Originally Posted by MrPrena

Stagflation sucks.
Sounds about right, but I would like to add something.

During carter admin, it ws more of a supply shock on inelastic goods.
Where as right now, it is demand shockon oil.
In terms diesel and octane price, i would like to also add short term supply problem from bottleneck from refinary.

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part of the bottleneck from the refinery problem is excessive regulation making it unprofitable to run several refineries. hell...delta airlines bought their own refinery in Trainer, PA to save on jet fuel. the plant and another up there in the east coast were shut down because they weren't making the "BIG OIL" any money. that "BIG OIL" only pulls profit margins around 2%. the only reason it is in the billions and people go ape shit over the numbers is due to the amount of oil that is used all over the world.

Now it is booming in a few states, obama denied the oil pipeline from Canada which took away tens of thousands of jobs from several states.

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Originally Posted by sniper7

obama denied the oil pipeline from Canada which took away tens of thousands of jobs from several states.

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The oil pipeline was going from Canada straight to the gulf coast ports to be exported. We never would have seen anything from it.